Must-reads: May 17, 2016
- : The Problem with Obamacare: “Obamacare is a heroic attempt to make the best out of this basic conundrum: we are trying to use markets to distribute something that, at the end of the day, we don’t want distributed according to market forces…”
- : What’s Wrong With Executive Compensation?
- : “Individual investors who hold common stocks directly pay a tremendous performance penalty for active trading… those that trade most earn an annual return of 11.4 percent, while the market returns 17.9 percent…. Trading is hazardous to your wealth…”
- : Jefferson’s Republican Virtues: Wrong in 1804, Wrong Today: “Brad DeLong has a new book out with Steven Cohen, Concrete Economics: the Hamilton Approach to Economic Growth and Policy…”
- : ‘Global Inequality: A New Approach for the Age of Globalization’, by Branko Milanovic
- : The ACA and Medicaid Risk Corridors
- Envy and Spite in the Social Welfare Function: Hoisted from the Archives from a Decade Ago
- Weekend Reading: Olivier Blanchard: Rethinking Macro Policy: Progress or Confusion?
- Live from the Gamma Quadrant: Manu Saadia: Trekonomics: The Economics of Star Trek